Wealth Enhancement Advisory Services LLC Acquires 6,394 Shares of Crh Plc $CRH

Wealth Enhancement Advisory Services LLC boosted its stake in Crh Plc (NYSE:CRH) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,944 shares of the construction company’s stock after purchasing an additional 6,394 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CRH were worth $21,516,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRH. Norges Bank acquired a new stake in shares of CRH in the second quarter valued at about $1,007,932,000. Eleva Capital SAS acquired a new stake in CRH during the 2nd quarter valued at approximately $250,562,000. Massachusetts Financial Services Co. MA raised its holdings in CRH by 24.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after purchasing an additional 2,499,558 shares during the last quarter. Marshall Wace LLP lifted its position in shares of CRH by 45.3% in the 2nd quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock worth $553,729,000 after purchasing an additional 1,881,550 shares during the period. Finally, Baupost Group LLC MA boosted its stake in shares of CRH by 42.0% in the 2nd quarter. Baupost Group LLC MA now owns 3,825,395 shares of the construction company’s stock valued at $351,171,000 after purchasing an additional 1,131,000 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRH has been the subject of a number of analyst reports. Morgan Stanley lifted their target price on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Barclays lifted their price objective on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Royal Bank Of Canada cut their target price on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Bank of America initiated coverage on CRH in a research note on Friday, September 26th. They set a “buy” rating and a $128.00 target price for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, CRH presently has an average rating of “Moderate Buy” and an average price target of $136.20.

CRH Stock Up 0.1%

Shares of NYSE:CRH opened at $120.97 on Thursday. Crh Plc has a twelve month low of $76.75 and a twelve month high of $131.55. The stock’s 50 day moving average is $122.20 and its 200-day moving average is $114.28. The firm has a market capitalization of $81.08 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 1.77 and a beta of 1.34.

CRH (NYSE:CRH) last posted its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.27. CRH had a net margin of 9.30% and a return on equity of 16.25%. The business had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter last year, the firm posted $1.97 EPS. CRH’s revenue was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Equities research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. CRH’s payout ratio is presently 22.11%.

CRH Company Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.